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Article: IGM Financial Inc. Reports Third Quarter Earnings; Readers are referred to the disclaimer regarding Forward-Looking Statements and financial measures not in accordance with Canadian generally accepted accounting principles (Non-GAAP Financial Measures) at the end of this Release.
- Article from:
- Marketwire Canada
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WINNIPEG, MANITOBA, Oct 29, 2009 (Marketwire via COMTEX) -- IGM Financial Inc. (IGM or the Company) (TSX:IGM) today announced earnings results for the third quarter of 2009.
Net income for the three months ended September 30, 2009 was $167.4 million compared to $198.7 million a year ago and $144.5 million in the prior quarter. Earnings per share were 63 cents compared to 75 cents a year ago and 55 cents in the prior quarter.
Net income for the nine months ended September 30, 2009 was $445.4 million compared to adjusted net income of $626.0(1) million for the comparative period in 2008. Earnings per share were $1.69 in 2009 compared to adjusted earnings ...